IESU.L vs. NRJL.L
IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) are both Energy Equities funds - IESU.L tracks the S&P 500 Capped 35/20 Energy Index NTR while NRJL.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 10 years, IESU.L returned 8.50%/yr vs 8.34%/yr for NRJL.L. At a 0.26 correlation, their price movements are largely independent. IESU.L charges 0.15%/yr vs 0.60%/yr for NRJL.L.
Performance
IESU.L vs. NRJL.L - Performance Comparison
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Different Trading Currencies
IESU.L is traded in GBp, while NRJL.L is traded in GBP. To make them comparable, the NRJL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IESU.L achieves a 28.61% return, which is significantly higher than NRJL.L's 22.75% return. Both investments have delivered pretty close results over the past 10 years, with IESU.L having a 8.50% annualized return and NRJL.L not far behind at 8.34%.
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
NRJL.L
- 1D
- -1.00%
- 1M
- -11.56%
- 6M
- 14.86%
- YTD
- 22.75%
- 1Y
- 50.84%
- 3Y*
- 6.20%
- 5Y*
- 1.17%
- 10Y*
- 8.34%
IESU.L vs. NRJL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | -10.01% |
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 22.75% | 35.47% | -11.56% | -22.87% | -8.74% | -5.40% | 33.09% | 47.31% | -7.75% | 15.17% |
Correlation
The correlation between IESU.L and NRJL.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.26 |
The correlation between IESU.L and NRJL.L shifts across timeframes, from -0.21 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IESU.L vs. NRJL.L — Risk / Return Rank
IESU.L
NRJL.L
IESU.L vs. NRJL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) and Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IESU.L | NRJL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 3.56 | -1.50 |
| Martin ratioReturn relative to average drawdown | 5.01 | 14.21 | -9.20 |
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Drawdowns
IESU.L vs. NRJL.L - Drawdown Comparison
The maximum IESU.L drawdown since its inception was -63.88%, which is greater than NRJL.L's maximum drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for IESU.L and NRJL.L.
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Drawdown Indicators
| IESU.L | NRJL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.88% | -54.56% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -17.34% | -14.20% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -39.16% | +12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -54.10% | +27.74% |
Max Drawdown (10Y)Largest decline over 10 years | -62.16% | -54.56% | -7.60% |
Current DrawdownCurrent decline from peak | -10.65% | -14.20% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -20.50% | -23.07% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 3.57% | +3.59% |
Volatility
IESU.L vs. NRJL.L - Volatility Comparison
The current volatility for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) is 7.50%, while Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) has a volatility of 9.09%. This indicates that IESU.L experiences smaller price fluctuations and is considered to be less risky than NRJL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IESU.L | NRJL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 9.09% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 21.74% | 18.67% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 22.12% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.08% | 22.09% | +6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 21.39% | +7.77% |
IESU.L vs. NRJL.L - Expense Ratio Comparison
IESU.L has a 0.15% expense ratio, which is lower than NRJL.L's 0.60% expense ratio.
Dividends
IESU.L vs. NRJL.L - Dividend Comparison
IESU.L has not paid dividends to shareholders, while NRJL.L's dividend yield for the trailing twelve months is around 0.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 0.34% | 0.42% | 0.73% | 0.77% | 0.24% | 0.32% | 0.70% | 1.02% | 0.59% | 0.79% |
Frequently Asked Questions
IESU.L and NRJL.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.60% for NRJL.L.
IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR, while NRJL.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IESU.L and 0.60% for NRJL.L.
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